The economy of South Africa expanded by 3% from a year ago in the first quarter of 2022, accelerating from a 1.7% growth in the prior period, matching market forecasts. It was the fastest pace of growth since the second quarter of 2021. source: Statistics South Africa

GDP Annual Growth Rate in South Africa averaged 2.44 percent from 1994 until 2022, reaching an all time high of 19.10 percent in the second quarter of 2021 and a record low of -16.80 percent in the second quarter of 2020. This page provides - South Africa GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Annual Growth Rate in South Africa is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa GDP Annual Growth Rate is projected to trend around 1.90 percent in 2023, according to our econometric models.

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South Africa GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-08 09:30 AM Q4 1.7% 2.9% 1.7% 1.7%
2022-06-07 09:30 AM Q1 3% 1.7% 1.7% 1.5%
2022-09-07 09:30 AM Q2 3% 1.3%


Related Last Previous Unit Reference
GDP Growth Rate 1.90 1.40 percent Mar 2022
GDP Annual Growth Rate 3.00 1.70 percent Mar 2022
GDP Constant Prices 4600651.30 4516122.40 ZAR Million Mar 2022
GDP From Utilities 103340.70 101292.30 ZAR Million Mar 2022
GDP From Transport 349652.71 343486.37 ZAR Million Mar 2022
GDP From Services 1076451.80 1057963.61 ZAR Million Mar 2022
GDP From Public Administration 375226.27 370169.30 ZAR Million Mar 2022
GDP From Mining 211771.72 214047.65 ZAR Million Mar 2022
GDP From Manufacturing 541095.09 515701.32 ZAR Million Mar 2022
GDP From Construction 107722.33 108466.59 ZAR Million Mar 2022
GDP From Agriculture 131312.09 130332.06 ZAR Million Mar 2022

South Africa GDP Annual Growth Rate
South Africa is the most developed country in Africa and was the largest until 2014, when it was overtaken by Nigeria. The largest sector of the economy is services which accounts for around 73 percent of GDP. Within services, the most important are finance, real estate and business services (21.6 percent); government services (17 percent); wholesale, retail and motor trade, catering and accommodation (15 percent); and transport, storage and communication (9.3 percent). Manufacturing accounts for 13.9 percent; mining and quarrying for around 8.3 percent and agriculture for only 2.6 percent.
Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.70 19.10 -16.80 1994 - 2022 percent Quarterly
2015=100, NSA